Why would Bitcoin break a 7 year support line?
Updated
If Mt Gox couldnt do it - why would BTC break a 7 year old support line?
Yes, we can still go down to around 5800 USD which will shake out a lot of weak hands and trigger a bunch of stop losses, but there are even more buyers patiently waiting for btc to come back down to this level. I expect some serious price actions as soon as it hits the support line.
Yes, we can still go down to around 5800 USD which will shake out a lot of weak hands and trigger a bunch of stop losses, but there are even more buyers patiently waiting for btc to come back down to this level. I expect some serious price actions as soon as it hits the support line.
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